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 US Q1 GDP Growth Looks Set for Slowdown in Thursday’s Release
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The US economy is expected to post a softer growth in the first quarter, with estimates indicating a 2.0% increase in GDP. This marks another quarter of decelerating growth. Despite the slowdown, most estimates suggest that the economy will continue to expand at a healthy pace. However, some analysts worry that the delay in interest rate cuts by the Federal Reserve could lead to trouble later in the year. The key debate is whether the economy will stabilize at a softer pace of growth or decelerate further. Consumer spending remains solid, which supports the positive economic view. Real personal consumption growth has remained resilient despite the Fed's monetary policy tightening campaign. The forecast for Q1 spending is expected to dip slightly, but not enough to indicate a waning of consumer spending.

#UsQ1Gdp #EconomicGrowth #FederalReserve #ConsumerSpending

https://www.investing.com/analysis/us-q1-gdp-growth-looks-set-for-slowdown-in-thursdays-release-200647868